DJIA Marks 23,000 Intra-day as The Trump Rally Extends

DJIA Marks 23,000 Intra-day as The Trump Rally Extends

DJIA Marks 23,000 Intra-day as The Trump Rally Extends

$DIA, $SPY, $QQQ, $VXX

The Dow Jones Industrial Average (DJIA) broke above the 23,000 mark intra-day for the 1st time Tuesday, driven by strong earnings from UnitedHealth (NYSE:UHC) and Johnson & Johnson (NYSE:JNJ), finishing the session just below that milestone mark.

The index, which surpassed similar 1,000-point marks 3X this year, has been steadily moving higher and is up 2.6% MTD, putting it on track for a 7th monthly advance running.

Shares of the largest US health insurer UnitedHealth touched a life intra-day high and closed up 5.5% after the company reported a stronger-than-expected profit and raised its full-year earnings forecast.

The DJIA rose 40.48 points, or 0.18%, to end at 22,997.44 after rising as high as 23,002.20.

The S&P 500 gained 1.72 points, or 0.07%, to 2,559.36. and the NAS Comp dropped 0.35 point, or 0.01%, to 6,623.66.

Tuesday, the US major stock market indexes finished at: DJIA +40.48 at 22997.44, NAS Comp -0.35 at 6623.65, S&P 500 +1.72 at 2559.36

Volume: Trade on the NYSE came in light again at: 692-M/shares exchanged

  • NAS Comp +23.0% YTD
  • DJIA +16.4% YTD
  • S&P 500 +14.3% YTD
  • Russell 2000 +10.3% YTD
HeffX-LTN Analysis for DIA: Overall Short Intermediate Long
Very Bullish (0.53) Very Bullish (0.52) Very Bullish (0.69) Bullish (0.38)
HeffX-LTN Analysis for SPY: Overall Short Intermediate Long
Very Bullish (0.52) Very Bullish (0.54) Very Bullish (0.60) Bullish (0.42)
HeffX-LTN Analysis for QQQ: Overall Short Intermediate Long
Bullish (0.38) Bullish (0.41) Bullish (0.31) Bullish (0.40)
HeffX-LTN Analysis for VXX: Overall Short Intermediate Long
Bearish (-0.36) Bearish (-0.34) Bearish (-0.35) Bearish (-0.39)

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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